Asia Stocks Rise, Paced by Technology Shares; HK, Taiwan Advance
Equity Markets Shifts Focus to Earnings
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Asia technology shares led gains while commodity producers paced declines after U.S. equities halted a six-day rally and bond yields rose. Hong Kong’s benchmark climbed while Taiwan stocks, which resumed trading after the Lunar New Year holiday, climbed the most since September 2015.
The MSCI Asia Pacific Index rose 0.3 percent to 177.19 as of 4:42 p.m. in Hong Kong, after earlier sliding by the same magnitude. The S&P 500 lost 0.6 percent Tuesday while shorter-dated Treasuries fell after a heavy U.S. debt issuance. The Fed will today release minutes of its recent meeting, helping investors gauge prospects of interest rate rises.